Tuesday, July 20, 2010

"The permanent economic crisis was a result of lost pre-war industrial exports, the loss of supplies in raw materials and foodstuffs from Alsace-Lorraine, Polish districts and the colonies, along with worsening debt balances and reparations payments. Military-industrial activity had almost ceased, although controlled demobilisation kept unemployment at around one million. The fact that the Allies continued to blockade Germany until after the Treaty of Versailles did not help matters, either.

The allies permitted only low import levels of goods that most Germans could not afford. After four years of war and famine, many German workers were exhausted, physically impaired and discouraged. Millions were disenchanted with capitalism and hoping for a new era. Meanwhile the currency depreciated."Read More at WIKI.

Monday, June 21, 2010

Steve Wynn Bio
As of 2009, Wynn is the 468th richest man in the world (down from 277th) with a net worth of $1.5 billion (down from $3.9 billion).[1] He made his debut in the Forbes 400 at #377 with a net worth of $650 million in September 2003, but was reported to be worth $1.1 billion only six months later in Forbes' list of world billionaires published in March 2004.

There was a great explanation on short selling by mikla on ZeroHedge on Tue, 05/18/2010 - 13:14#358589

Shorting (good) and "naked shorting" (bad) are different.

Shorting: (example), A stock's current market price is $100. I think it should sell for $80, so I won't buy it. However, I'll sell it for $100, because I think the market will soon figure out it should be priced at $80 (and I'm willing to incur risk while I wait):

...

Economics for your Children:

Liberty's Dictator, our triune God, tells us His law word needs to be established in every area of life. Economics is one of those areas. The world economy today is doomed because it's two classes, the hosts and the parasites, are morally and religiously corrupt. Instead of being a participant of that fiat law order of economic private property destruction (sooner or later); recognize, learn, and establish the law that is regenerating (to name a few):